SINGAPORE (Dec 2): JP Morgan continues to be negative on Sembcorp Marine with its underweight rating and target price of $2.00.

This comes after the marine and rig building company said it is expected to report a net loss for the fourth quarter ended December 31, and a “significant decline” in the net profit for the full year due to sluggish global demand in the sector amid low crude oil prices.

The details of the group's performance will be disclosed when it announces its results in February 2016.

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